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PRINCIPLES
OF THE
ECONOMIC PHILOSOPHY.
OF
SOCIETY, GOVERNMENT AND INDUSTRY
BY
VAN BUREN DENSLOW, LL.D
CASSELL & COMPANY, LIMITED
104 & 106 FOURTH AVENUE, NEW YORK
COPYRIGHT, 1888,
By O. M. DUNHAM.
37455
All rights reserved.
Press W. L. Mershon & Co., Rahway, N. J.
D4
TO
Dr. Curtis G. Hussey,
OF PITTSBURG, PA.
HB171 D4
CONTENTS.
(Figures preceding sub-titles refer to sections of volume.)
PREFACE.....
PERSONAL INDEX..
CHAPTER I.-SCOPE AND METHOD...
1. Definitions.-2. Is Political Economy a Science.-3. Politi-
cal Economy also an Art.-4. The Deductive, a priori, or
Metaphysical Method.-5. Decline of the Metaphysical
and Rise of the Historical Method.-6. Carey's Corrective
Influence.-7. The Historical Method is Not a History
of Opinion Merely.-8. Limitations on the Historical
Method.-9. Relation of Economics to Ethics.-10. The
Scientific Method.-11.-The Philosophy of Statistics.-
12. The Result of Statistics.-13. Utility of Statistics.--
14. Regularity of Phenomena Shown by Statistics.-15.
Statistics Taken with a Bias.-16. The American Impulse toward Economic Progress.-17. The United States as an Economic Instructor.
CHAPTER II.-WEALTH....
18. Wealth and Poverty-Social.-19. Savage Life-Social
Poverty.-20. Ownership by the Tribe-Barbarism.-21.
Tribal Ownership Depends on Occupancy and Use.-22.
Tribal Precedes State Ownership.-23. Charitable and
Religious Communism.-24. Relative Inducement to
Effort under Both Systems.-25. Wealth Dependent on
Exchange-How Far.-26. Private or Individual (Includ-
ing Corporate) Wealth.-27. The Commonwealth.-28.
The Family and Its Wealth.-29. Social and Spiritual Wealth.-30. The Wealth of Nations.-31. The Evanes- cence of Wealth.-32. Can Poverty be Abolished?
CHAPTER III.-VALUES AND PRICES....
33. What is Value ?-34. Fallacy of Resting Value on Labor.
-35. Whence Comes Value ?--The Consumer.-36. The
Consumer's Place in Industry.-37. Karl Marx's Theory
of Value.-38. Why Men Exchange.--39. The Theory of
Value.-40. Markets are the Index of Values.-41. Free-
dom in Establishing Prices.-42. Cornering the Market.—
43. How Prices are Made.-44. Errors Concerning Causes
of Prices.-45. Tooke on Prices.-46. Prices Rise in Dis-
proportion to Scarcity.-47. Permanent and Temporary
Cheapness.-48. Relation of Prices to Freedom.--49.
Countries of Low and High Prices.